Customers of the Department of Post (India Post) and the India Post Payments Bank (IPPB) can now operate their banking service through an app DakPay, unveiled by Communications and IT Minister Ravi Shankar Prasad on Tuesday.
DakPay is a simplified payment solution that offers access to the banking and payments products and services either through an app or in assisted mode with the help of a Postman.
India Post and IPPB will provide digital financial and assisted banking services through the country's postal network.
Here's all you need to know about DakPay app:
PM Modi launched the India Post Payments Bank in September 2018 to provide a complete suite of banking services. Since then, it has enabled more than 1.36 lakh post offices, out of which some 1.13 lakh are located in rural areas.
"Our motto is - Every customer is important, every transaction is significant, and every deposit is valuable," said J Venkatramu, MD & CEO, India Post Payments Bank.
With inputs from wires
First Published: IST